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International Monetary Agreements Act 1965

Act No. 24 of 1965

This Act was prepared on 28 November 2000

Prepared by the Office of Legislative Drafting,
Attorney-General's Department, Canberra



Contents
           1     Short title [see Note 1]    1
           2     Commencement [see Note1]    1
           3     Consent to increase in quota      1
           4     Appropriation    1
           5     Issue of securities    2

Notes 3

An Act relating to a proposed adjustment of the Quotas of members of the
International Monetary Fund

WHEREAS the International Monetary Fund has proposed an adjustment of the
quotas of members of the Fund and, in particular, has proposed an increase
of One hundred million United States dollars in the quota of Australia:

   BE it therefore enacted by the Queen's Most Excellent Majesty, the
Senate, and the House of Representatives of the Commonwealth of Australia,
as follows:

1  Short title [see Note 1]

            This Act may be cited as the International Monetary Agreements
         Act 1965.

2  Commencement [see Note1]

            This Act shall come into operation on the day on which it
         receives the Royal Assent.

3  Consent to increase in quota

            The approval of the Parliament is hereby given to Australia
         consenting to an increase of One hundred million United States
         dollars in the quota of Australia in the International Monetary
         Fund.

4  Appropriation

            Any payment required to be made by Australia to the
         International Monetary Fund by reason of the increase of the quota
         of Australia in that Fund referred to in the last preceding section
         shall be paid out of the Consolidated Revenue Fund, which is
         appropriated accordingly.

5  Issue of securities

            Section 7 of the International Monetary Agreements Act 1947-
         1963 applies to any payment referred to in the last preceding
         section as it applies to payments under that Act.
Notes to the International Monetary Agreements Act 1965

Note 1


Act No. 24, 1965; assented to and commenced 28 May 1965.